\begin{table}[H]
\centering
\caption{Balance Tests}
\label{tab:e1}
\begin{tabular}{lccc}
\toprule
 & \textbf{Estimate} & \textbf{SE} & \textbf{p-value} \\
\midrule
\multicolumn{4}{l}{\textbf{Panel A: Administrative and Demographic Covariates}} \\
Provincial Capital & 0.01 & 0.02 & 0.54 \\
Share Urban & 0.03 & 0.02 & 0.11 \\
Share Argentinean Men in Population & 0 & 0.01 & 0.97 \\
Share of Population Enrolled in National Guard & 0 & 0.01 & 0.95 \\
Population & 979.34 & 687.2 & 0.16 \\
\midrule
\multicolumn{4}{l}{\textbf{Panel B: Development Covariates}} \\
Share Literate in Population & -0.01 & 0.01 & 0.52 \\
Share Property Owners in Population & 0 & 0.01 & 0.8 \\
Share Argentinean Property Owners in Population & 0 & 0.01 & 0.69 \\
Number of Newspapers & 0.2 & 0.13 & 0.13 \\
Number of Vehicles & 7.18 & 63.86 & 0.91 \\
\midrule
\multicolumn{4}{l}{\textbf{Panel C: Agricultural Covariates}} \\
Number of Agricultural Properties & -0.27 & 45.52 & 1 \\
Sharecropping Among Rented Agric. Properties & 0.01 & 0.02 & 0.61 \\
Sharecropping Among All Agric. Properties & 0 & 0.01 & 0.59 \\
Agriculture (acres) & 2426.35 & 3561.45 & 0.5 \\
\bottomrule
\end{tabular}
\vspace{2mm}
\begin{minipage}{0.9\textwidth}
\singlespacing
\footnotesize
* p $<$ 0.1, ** p $<$ 0.05, *** p $<$ 0.01. Coefficients are derived from an OLS regression with fixed effects and inverse probability weights to account for the unequal probability of treatment across provinces. The unit of analysis is the department. Standard errors are clustered at the level of treatment assignment, the electoral district. The City of Buenos Aires is excluded from the analysis due to changes in department borders between the 1895 Census and the 1902 electoral law. \textit{Source}: Argentina (1898).
\end{minipage}
\end{table}
